Gas Price Outrage!

[Giant Communist Robot]

I see where the Falkland Islands estimate of economically recoverable oil is ~60 billion barrels. That's about three time the U.S. and would give the them the ninth largest reserve in the world.

[piqaboo]

I'm pretty sure I made a comment about the price of gasoline.
But basically, I'm living in "I told you so" = that once they raised prices using one or the other reason/justification, they'd never come down.
It all just makes me tired.

[Giant Communist Robot]

Average price $3.74 gallon in Honolulu

[Haggis@wk]

From the Los Angeles Times:

One in five Californians struggled to afford enough food for themselves and their families last year, according to a new report by the Food Research and Action Center.

The rate in California was slightly higher than the national average of 18%.

Jim Weill, president of the Washington-based nonprofit group, said the figures underscore the need for a strong nutrition safety net — including food stamps and school meals — for families that continue to struggle even as the economy begins to recover.

“While the nation’s Great Recession may have technically ended in mid-2009, it has not yet ended for many of the nation’s households,” Weill said in a statement Thursday. “For them, 2010 was the third year of a terrible recession that is widely damaging the ability to meet basic needs.”

The report was based on data collected for the Gallup-Healthways Well-Being Index, which conducted telephone interviews with more than 350,000 people in 2010, including 35,543 in California.

Obama openly claimed during the 2008 campaign that he was not upset about $4.00/ gallon gas, but that he just wanted to see prices rise more slowly than it did in 2008. Well, It’s taken three years to get back to $4.00, so is he all right with that?

Does anyone remember why gas prices dropped in 2008? Anyone? Lets not see the same hands everytime.

[piqaboo]

Too busy foraging to answer...

[Trumpetmaster]

Does anyone remember why gas prices dropped in 2008? Anyone? Lets not see the same hands everytime.

Demand has to be one. I know many people who started walking to the store instead of driving a few blocks....
and didn't the price per barrel drop drastically?

[Shapley]

Bush Lifts Executive Ban On Offshore Driling - July 14, 2008

Gasoline Prices - Historical

Click on the '5 year', and note the timing of the beginning of the decline.

[Haggis@wk]

Bush Lifts Executive Ban On Offshore Driling - July 14, 2008

Gasoline Prices - Historical

Click on the '5 year', and note the timing of the beginning of the decline.

Precisely, almost no one in the political punditry or MSM wants to remember that the mere mention that the U.S. will increase domestic production caused the single largest one day drop in the price of oil. Think what would happen if someone actually did start producing some of those domestic reserves?

Doing nothing that will leave fingerprints our president will do anything to keep oil prices high. IMHO he and his people believe that Americans secretly want him to force the U.S. into "green energy." I think that's a losing position but idealists frequently ignore facts and history.

[Shapley]

Al Gore and Paul Tsongas (Paul 'Tax on Gas', as Rush Limbaugh used to call him) were among the most prominent of the 'raise gas prices to curb usage' camp. They stated clearly that they wanted gas prices to be higher in order to drive people towards 'green' alternatives, but they wanted to raise them the Democrat way - through taxes. They would prefer that the government reap the 'obscene' profits from high gasoline prices, rather than greedy oil company executives.

Of course, they would 'invest' those obscene profits in 'green energy' initiatives, of which Al Gore apparently owns a sizeable share.

'Green greed' is apparently good greed...

[dai bread]

There are no "green" alternatives for transport fuel in the U.S. or any other large country. Biogas takes too much arable land. We could go electric as soon as someone comes up with a decent electric car that will do 700km between charges, while travelling at 100km/hr or better on the open road, and with 4 people aboard plus luggage. That won't do in the U.S. or Australia, and it still leaves the question of truck fuel unresolved. As far as I know, nobody is even thinking about electric trucks.

Too many people think that everyone is like them, and lives in central-city high-rise apartments. A lot of us don't.

[Shapley]

I think my 'slot car' idea has merit....

[Selma in Sandy Eggo]

I think my 'slot car' idea has merit....

Do some R&D on that, would ya? And maybe a small-scale demo?

[Shapley]

I'll have to do that.

It won't catch on in America unless the Europeans or the Japanese do it, first, though...

[Haggis@wk]

Gas Prices Have Doubled Under Obama:

“According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58. . . . Four-dollar-a-gallon gas has arrived on average throughout California, and a number of other states are headed in that direction.” I think he’d like to see gas at about five dollars a gallon, to encourage alternative modes of transportation.

Remember when Pelosi and Reid called for hearings into gas prices the last time they got this high?

Now? “move along, nothing to see here”

[Giant Communist Robot]

$6.03 a gallon Hana, Maui

[jamiebk]

“According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58.

We were also in the throes of a deep depression inthe US. (when Mr. Obama took office) Today we are not.

[Giant Communist Robot]

The clear implication is Obama's policies are to blame. This is a hard case to make.

[Shapley]

The clear implication is Obama's policies are to blame. This is a hard case to make.

When gas prices rose during in 2008, the Democrats were sporing bumper stickers that read "When Bush Took Office, Gas was $1.46".

The clear implication was that Mr. Bush's policies were to blame, which was a hard case to make then, as well. As Haggis has noted, however, President Bush did remove restrictions on drilling, which immediately resulted in the lowering of gas prices. Mr. Obama has re-imposed those restrictions, and prices have risen back to the levels they had achieved before President Bush's actions. It doesn't make the case, but it should be cause for further study...

[Giant Communist Robot]

Hmm....you'd have to show that the reason prices went down under Bush was his policy--to avoid post hoc ergo propter hoc

[Haggis@wk]

Hmm....you'd have to show that the reason prices went down under Bush was his policy--to avoid post hoc ergo propter hoc

The day he announced it dropped and was the highest single day drop in history and continued down as more details of his plans were reported. You believe that was a coincidence?